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Climate change to uproot millions, especially in Asia:
By one estimate, as many as 40 million people in South Asia may be forced to move over the next 30 years because of a lack of water, crop failure, storm surges and other disasters No nation offers asylum or other legal protections to people displaced specifically...
LIC appoints Sunil Agrawal as its first CFO
Getting ready for a public listing, Life Insurance Corporation (LIC), with over Rs 38 trillion assets, has roped in Sunil Agrawal as its chief financial officer (CFO). Agrawal earlier had worked with Reliance Nippon Life Insurance in the same post for over 12 years....
Covid-19: Omicron is 40% deadlier than seasonal flu, study finds
The decline in mortality with omicron could reflect both the reduced virulence of the strain, particularly in comparison to the delta variant, and the benefits of vaccination, the researcher said The omicron strain of Covid-19 is at least 40% more lethal than seasonal...
Road ministry issues new rules on road accident reporting for claim settlement
Road Transport Ministry said that it is mandated that the procedure for detailed investigation of road accidents should be conducted, the detailed accident report (DAR) and its reporting, along with timelines for different stakeholders for quick settlements of claims...
UK shuts out Russian companies from aviation insurance market
The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...
HDI Global supports customers with tailormade Cyber Security services for protection against cyber-attacks
Hannover: HDI Global places protection against cyber-attacks at the centre of services for its customers. The focus here is on cyber risk management. Alongside conventional risk transfer, the industrial insurer will now...
Amazon plans to file criminal case against India’s Future over store transfers -sources
For more than a year, Amazon and Future Group have been in a legal stand-off that has stalled Future's $3.4 billion sale of assets to Reliance Industries NEW DELHI: Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future...
303,000 newborns die every year worldwide due to birth defects
45,000 babies born are born every year with birth defects In addition to mortality, birth defects can cause long term morbidity and disability, which in low- and middle-income countries causes a strain on the health system and, social and family resources. New Delhi:...
Make disclosure regarding a food article being vegetarian or non-vegetarian as mandatory: Delhi HC
The high court directed the Food Safety and Standards Authority of India [FSSAI] to issue a fresh communication to all the authorities concerned stating the obligation to make clear disclosure as to whether the food article is vegetarian or non-vegetarian. A bench of...
Cyberattacks could start war, Russian space agency warns after hacking attempt
Russia will treat any hacking of its satellites as a justification for war, the head of the country's space agency was quoted as saying in a news report on Wednesday Roscosmos head Dmitry Rogozin denied media reports that Russian satellite control centres have already...
Nations sign up to end global scourge of plastic pollution
Plastic pollution soared from two million tonnes in 1950, to 348 million tonnes in 2017, becoming a global industry valued at $522.6 billion, said UNEP. It is expected to double in capacity, by 2040 The impacts of plastic production and pollution on the triple...
COVID-19: Global depression, anxiety soared 25 per cent in a year
“The information we have now about the impact of COVID-19 on the world’s mental health is just the tip of the iceberg,” said Tedros Adhanom Ghebreyesus, WHO Director-General. In the first year of the COVID-19 pandemic, global rates of anxiety and depression increased...
Over one billion people at risk of hearing loss: WHO
“Millions of teenagers and young people are at risk of hearing loss due to the unsafe use of personal audio devices and exposure to damaging sound levels at venues such as nightclubs, bars, concerts and sporting events,” said Dr Bente Mikkelsen, WHO Director for the...
Over 229 million construction workers to benefit from new code of practice on safety and health:ILO
Key revisions introduced to the code of practice underline the importance of Occupational Safety and Health (OSH) management systems, maternity protection and waste and emissions management ILO:More than 229 million construction workers around the globe may benefit...
Future Generali Insurance launches ‘FG Dog Health Cover’ insurance
Future Generali India Insurance Company Limited (FGII) announced the launch of FG Dog Health Cover, a comprehensive health insurance for pet dogs, along with industry-first ‘Emergency Pet Minding’ cover. This comprehensive cover will protect pet parents against the...
Premiums serviced by Medi Assist cross Rs 10,000 cr
Medi Assist Insurance TPA has become India’s first Third Party Administrator (TPA) to service more than Rs 10,000 crores of active group and retail healthcare premiums excluding the premiums for the government business where the company supports states and central...
Max Life incorporates pension fund subsidiary, to infuse Rs 55 cr
Max Life Insurance Company Ltd has incorporated a wholly-owned subsidiary Max Life Pension Fund Management Ltd and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares. The wholly-owned subsidiary company of Max Life Insurance Company Ltd (Max...
Russian cyberattacks may test insurer war exclusion policy language: Fitch
Larger insurers have taken significant pricing and underwriting actions in response to rising cyber claims in recent years, including tightened contract language, which should help mitigate underwriting losses in the current uncertain environment, Fitch Ratings says...